Investors in the Las Vegas Valley now own over 131,000 homes. John Carrafiell, co-CEO of BGO, uses AI to analyze past deals and determine investment success based on local market fundamentals. The model predicted high returns for an industrial development in Las Vegas, outperforming other data models. BGO’s data science approach led to big returns in Florida and the Rust Belt. The model’s accuracy has greatly improved with AI, enhancing investment performance. Future iterations will include asset allocation to different commercial real estate sectors.

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1. The US economy added 850,000 jobs in June, surpassing expectations of 706,000. Unemployment rate ticked up to 5.9% as more workers entered the labor force.

2. Bitcoin surged past $40,000 in a rebound, following a sell-off triggered by China’s crackdown on mining and trading.

3. Amazon plans to open its first-ever hair salon in London, offering augmented reality hair consultations and cashless checkout.: CRE giant BGO uses AI to find undervalued assets in unlikely areas